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Search Results 0 to 17 of about 18 (some duplicates have been removed)
Dec 6, 2013 6:30pm PST
looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today's surprisingly strong jobs
Dec 5, 2013 6:30pm PST
/nbr. >>> growing stronger, the u.s. economy grows at its fastest pace since early 2012, but is the 3.6% rate as strong as it appears? and why do american businesses still seem so hesitant? >> protests over pay. fast food workers strike in the biggest push yet for higher wages. they want $15 an hour. they average around $9 now. what a big raise would mean for businesses and consumers. >> and the sticker shock, why washington lawmakers could be the reason you pay more, lots more for milk. we have all that and more tonight on "nightly business report" for thursday, december 5th. >>> good evening everyone. stocks kept sliding today, the losses though modest marked the fifth day in a row of declines for the dow and s&p 500, the longest streak since september and the government shutdown. the indexes are less than 2% from the all-time highs. today's declines were driven by rekindled concerns the federal reserve may reduce the $85 billion a month in bond purr chases and might do it as soon as this month because economic news out today pointed to a strengthening of u.s. growth. the come he
Dec 9, 2013 6:30pm PST
economists reporting stronger growth, they predict the economy will grow at a 2.8% prediction, higher than earlier estimates and we'll see job growth of about 200,000 a month in 2014. >>> and it is costing a little more to fill up the gas. according to the survey, the price is $3.28 a gallon nationwide, still ten cents lower than it was a year ago. >>> do you feel any wealthier these days? the federal reserve says you should, with the houses hitting a record high, next to the rising stock market adding it all up. u.s. households are now worth a total of more than $77 trillion. >>> but the soaring home values have cost a surge in the market, and prices of houses have risen dramatically. there is talk that they're looking at the beginning of a rental bubble. >> when millions lost their home to foreclosure, they had no choice but to rent, and when the mortgage crisis curtailed millions more for potential home buyers the rush to rent rose own more and so did the rent. >> we are in the middle of the worst rental affordability crisis that this country has known. >>> a new study released today in
Dec 2, 2013 7:00pm PST
called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below average by a long-term historic norm, and i t
Dec 5, 2013 1:00am PST
the economy. the take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. all this comes just two days before the release of the monthly jobs report. a key data point for central bank policy makers. it's no wonder stock averages between gains and losses and finally ending mostly in the red for the day. the dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s&p fell two points. the same concerns about the fed's next move sent the yield on the benchmark treasury note above 2.8%, the highest since september. >> how does the federal reserve see the economy right now as it prepares for the next policy meeting next month? steve liesman looks at the beige book survey and what that, along with this friday's november jobs report, could mean for the future of its stimulus program. >> reporter: some strong employment data today raising prospects for better job growth and less stimulus. adp in a much followed monthly report forecast that payrolls in november rose by a strong 215,000 in the private sect
Dec 3, 2013 6:30pm PST
makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler mathisen. remember how great the month november was for stock investors, records and consecutive weeks of gains? hold that thought because so far december has gone the other way. fast. in fact, the dow and s&p 500 today ended lower for a third straight session. logging their biggest three-day decline in two months. some on wall street say stock prices are too high and they are taking profits and there is a pull back and this is the start of it, or maybe consumer spending, soggy so far this holiday season or the fed's seeing the blowout auto sales? we'll start pairing back on stimulus soon. whatever the reason the market sold off again
Search Results 0 to 17 of about 18 (some duplicates have been removed)